Arab Today, arab today dollar weakens on downbeat data
Last Updated : GMT 18:50:25
Arab Today, arab today
Arab Today, arab today

Dollar weakens on downbeat data

Arab Today, arab today

Arab Today, arab today Dollar weakens on downbeat data

New York - XINHUA

The U.S. dollar retreated against other major currencies on Wednesday as newly released data of the U.S. service sector and private sector employment failed to meet expectations. The Institute for Supply Management\'s index of the U.S. non- manufacturing sector fell to 54.4 in March from 56 of the previous month, indicating a slower growth in the service sector. The data weighed on the dollar as the service sector accounts for almost 90 percent of the U.S. economy. The U.S. private sector continued to add jobs in March, but posted the smallest gain in the past five months, mainly because the construction sector held off on hiring. The Automatic Data Processing (ADP) reported U.S. private companies added 158,000 jobs in March, lower than the previous month and market expectation. Meanwhile, the yen strengthened versus major currencies after the Bank of Japan began a two-day policy meeting on Wednesday. It is the first policy meeting for the new governor Haruhiko Kuroda. Although he has repeatedly said that he would do whatever it takes to reach the 2 percent inflation target in two years, investors are betting that his real follow-up may be less aggressive. Investors remained cautious ahead of the monthly U.S. employment data for March which is due to be released on Friday, and the policy meeting of the European Central Bank. In late New York trading, the euro climbed to 1.2846 dollars from 1.2814 dollars of the previous session and the British pound rose to 1.5143 dollars from 1.5107 dollars. The Australian dollar increased to 1.0463 dollars from 1.0448 dollars. The dollar bought 92.87 Japanese yen, lower than 93.37 in the previous session. It edged down to 0.9448 Swiss francs from 0.9493 Swiss francs and went down to 1.0144 Canadian dollars from 1.0148 Canadian dollars of the previous trading day.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar weakens on downbeat data Arab Today, arab today dollar weakens on downbeat data

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar weakens on downbeat data Arab Today, arab today dollar weakens on downbeat data

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday